Bitcoin (BTC) has staged a notable 21% recovery over the thirty-day timeframe, pushing the largest cryptocurrency in the market above the $81,000 level for the first time since January. Now, BTC is approaching one key resistance, which\u2014if surpassed with a daily close\u2014could open the door to another leg higher.<\/p>\n
Technical analyst Ali Martinez pointed to this momentum in a recent post on X (formerly Twitter), arguing that Bitcoin continues to show \u201cstructural strength.\u201d\u00a0<\/p>\n
Martinez referenced <\/a>a bullish Moving Average Convergence Divergence (MACD) crossover on Bitcoin\u2019s weekly chart that occurred on April 13. Since that weekly signal appeared, BTC has gained roughly 15% in a relatively steady grind, reinforcing the idea that the trend may be shifting rather than just bouncing randomly.<\/p>\n What makes the weekly Bitcoin MACD crossover particularly notable is how it has behaved historically. According to Martinez\u2019s recap of earlier instances, the same kind of crossover preceded major multi-month rallies <\/a>in prior cycles.\u00a0<\/p>\n The October 23, 2023 crossover was followed by a 147% rally. Another example on October 14, 2024 led to a 75% rise, while the May 5, 2025 crossover resulted in a 35% rally.\u00a0<\/p>\n Even with the broader bullish backdrop, the near-term chart still presents a key test. Martinez highlighted that Bitcoin is moving into the vicinity of the 200-day simple moving average <\/a>(200SMA), currently around $83,000.\u00a0<\/p>\n He described this area as the most important psychological and structural barrier on the daily chart. In his view, a clean daily close above this level could open the door to a macro expansion, first toward $89,000, with a secondary target near $94,000.<\/p>\n Adding to the technical picture, market expert Sam Daodu also flagged a separate indicator involving Bitcoin\u2019s Bull Market Support Band (currently at $79,000), which is built from the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).\u00a0<\/p>\nBull Market Support Band Reclaimed<\/h2>\n